References
- Shionoya . 1997 . Scbumpeter and the Idea of Social Science , 164 Cambridge : Cambridge University Press . The title page of the first German edition of The Theory of Economic Development reads: Theorie der wirtschaftlichen Entwicklung Dr Joseph Schumpeter Leipzig, Verlag von Duncker & Humblot 1912. It carries the inscription "Hypotheses non fingo". The Latin phrase, meaning "I do not make hypotheses"-famously taken from Newton's inscription to his Principia Matbematica (1713)-was dropped in the second edition, and so does not appear in the 1934 English translation. Schumpeter no doubt intended the inscription, in 1912, as a snub to the German economists who dismissed his theorizing as making "mere hypotheses". But he thought better of making such a snub when the second edition came out, in 1926. For a discussion, see the commentary by
- Schumpeter . 1912/1934 . The Theory of Economic Development , Cambridge , MA : Harvard University Press . Das Wesen und der Hauptinhalt der theoretischen Nationalkonomie, rendered by Redvers Opie as "The Essence and Principal Contents of Economic Theory" in Opie's translation of
- Clark . 1907 . Essentials of Economic Theory These are the five external phenomena referred to by, --without attribution by Schumpeter. For a discussion on this point, see Shiyonoya (1997) op cit., p. 162.
- 1912 . Economic Theory of the Leisure Class , New York, London : Macmillan . Veblen, at about the same time, referred to a similar phenomenon as the "leisure class". He chose as the title of his book the phrase